The Comprehensive Annual Financial report, more commonly referred to as the CAFR, combines the Basic Financial Statements of the City and all government activities, organizations and functions. These financial statements have been prepared in accordance with generally accepted accounting principles for local governments as prescribed by GASB.
The CAFR is presented in three sections. The Introductory Section includes a transmittal letter, a list of City officials and organizational chart for the City. The Financial Section includes Management’s Discussion and Analysis (MD&A), basic financial statements, combining and individual fund statements and schedules, as well as the independent auditor’s report on the basic financial statements. The MD&A is a narrative introduction, overview, and analysis to accompany the basic financial statements. The Statistical Section includes selected financial and demographic information generally presented on a multi-year basis.
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PAFR
The Popular Annual Financial Report (PAFR), sometimes called the Annual Report to Citizens, is a summary of the financial activities of the City's governmental funds and is drawn from information found in the CAFR. Unlike the CAFR, the PAFR is unaudited and presented on a non-GAAP basis.
The City of Post Falls recieved the Award for Outstanding Achievement in Popular Annual Financial Reporting from the GFOA for the 2008 PAFR. This Annual Report to Citizens is the City’s second Popular Annual Financial Report (PAFR) and has been submitted for the award. The award is a prestigious national award that recognizes conformance with the highest standards for preparation of state and local government popular reports. In order to receive this award, a government unit must publish a report, with contents that conform to standards of creativity, presentation, understandability, and reader appeal.
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| CAFRs PDF Print Versions | PAFRs PDF Print Versions | |
| CAFR 2009 - PDF | PAFR 2009 - PDF | |
| CAFR 2008 - PDF | PAFR 2008 - PDF | |
| CAFR 2007 - PDF | ||
| CAFR 2006 - PDF | ||
| CAFR 2005 - PDF | ||
| CAFR 2004 - PDF | ||
| CAFR 2003 - PDF |
CAFR Excellence in Reporting
Certificate of Achievement. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Post Falls for its comprehensive annual financial report for the year ended September 30, 2008. This was the eleventh consecutive year that the city has achieved this award. The Certificate of Achievement is a prestigious national award that recognizes our conformance with the highest standards for preparation of a local government financial report.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. The CAFR must satisfy both generally 
accepted accounting principles and applicable legal requirements.
PAFR Outstanding Achievement
The Popular Annual Financial Report (PAFR), sometimes called the Annual Report to Citizens, is a summary of the financial activities of the City's governmental funds and is drawn from information found in the CAFR. Unlike the CAFR, the PAFR is unaudited and presented on a non-GAAP basis.
The City of Post Falls recieved the Award for Outstanding Achievement in Popular Annual Financial Reporting from the GFOA for the 2008 PAFR. This Annual Report to Citizens is the City’s second Popular Annual Financial Report (PAFR) and has been submitted for the award. The award is a prestigious national award that recognizes conformance with the highest standards for preparation of state and local government popular reports. In order to receive this award, a government unit must publish a report, with contents that conform to standards of creativity, presentation, understandability, and reader appeal. 
View the Award for Outstanding Achievement in Popular Annual Financial Reporting.